Stone Allied Airlines (000697.SZ) announced that the company's board of directors and supervisors reviewed and approved the “Regarding Intended Application to the Court...
Zhitong Finance App News, Stone Refining Airlines (000697.SZ) announced that the company's board of directors and supervisors reviewed and passed the “Proposal to Apply to the Court for Reorganization and Pre-Reorganization” to apply to the competent People's Court for restructuring and pre-restructuring on the grounds that the company is unable to pay its maturing debts and clearly lacks solvency, but has restructuring value. The matter still needs to be reviewed by the shareholders' meeting.